The Nike Sees Unusually High Options Volume (NKE)

The Nike Sees Unusually High Options Volume (NKE)

Several equities analysts recently commented on NKE shares. Deutsche Bank AG dropped their price objective on Nike from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, March 22nd. Wedbush reiterated a “neutral” rating and set a $52.00 target price on shares of Nike in a report on Wednesday, March 22nd. Stifel Nicolaus decreased their price target on shares of Nike from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, March 22nd. Goldman Sachs Group Inc raised their target price on shares of Nike from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $75.00 price target on shares of Nike in a research note on Wednesday, March 22nd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. Nike has a consensus rating of “Hold” and a consensus price target of $60.78.

Nike Inc (NYSE:NKE) was the recipient of unusually large options trading on Friday. Traders acquired 1,327 put options on the stock. This is an increase of 112% compared to the typical volume of 626 put options.

Nike (NKE) opened at 52.98 on Monday. Nike has a 52-week low of $49.01 and a 52-week high of $60.33. The company has a 50 day moving average price of $54.01 and a 200-day moving average price of $54.01. The firm has a market cap of $87.46 billion, a price-to-earnings ratio of 22.10 and a beta of 0.44. Nike (NYSE:NKE) last posted its earnings results on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.15. Nike had a return on equity of 31.70% and a net margin of 11.60%. The firm had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Nike will post $2.40 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.72 annualized dividend and a yield of 1.36%. Nike’s dividend payout ratio (DPR) is presently 31.72%. In related news, Director John C. Lechleiter purchased 1,000 shares of the business’s stock in a transaction on Friday, March 24th. The stock was acquired at an average price of $56.30 per share, for a total transaction of $56,300.00. Following the purchase, the director now owns 28,660 shares of the company’s stock, valued at $1,613,558. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $55.67, for a total value of $2,783,500.00. Following the completion of the transaction, the insider now owns 300,108 shares in the company, valued at approximately $16,707,012.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 379,000 shares of company stock valued at $21,213,800. Corporate insiders own 3.90% of the company’s stock.

Nike Company Profile NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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